IMod Structures

Investment

  • NMTC Amount: $7,000,000
  • Total Project Cost: $7,000,000

IMPACT

  • 63 FTE jobs

Project Description

A Vallejo startup manufacturer of modular classrooms designed to be sturdy enough to relocate multiple times and stack a few stories high on April 9 announced it landed $11 million in funding. The series A round led by Goldman Sachs Urban Investment Group will help iMod Structures, formerly Intermodal Structures, finish outfitting a former Mare Island Naval Shipyard factory and ramp up staff, according to iMod co-founder Craig Severance. The company employs less than 20 now, mostly on the factory floor, but the goal is to hire 50-75 locally in the next 12 months.

MAP

Address: 251 Bagley Street, Vallejo, CA 94592

Other California Projects

The new construction of manufacturing and corporate office space in a low-income community within North Hollywood.

The Joshua House Federally Qualified Health Center is a new facility that will be operated by the Los Angeles Christian Health Centers (LACHC) and housed in the first three stories

Construction of CDU’s Health and Wellness Center, a 10,000 square foot facility housing a FQHC, a community clinic to serve families, students and employees of CDU, a food pantry and

NMTC financing supported a glass manufacturing and training business.